Apple has officially launched the new entry-level 21.5-inch 1.4GHz iMac with a starting price of $1,099. While the physical and general desktop configurations remain untouched, specifications were modified under the hood. It is powered by 1.4GHz dual-core Intel Core i5, Turbo Boost up to 2.7GHz with a 8GB memory, 500 GB hard drive, and Intel HD Graphics 5000.

The new entry-level iMac sports the same features of the previous cheapest model (2.7 GHz tagged at $1,299), including the four USB 3.0 ports, two Thunderbolt ports, and wireless networking. Users can save $200 with a few downgrades with the exception of the RAM—both new and previous models have 8GB memory.

The size of the new entry-level iMac hard drive is cut in half (500 GB) from the previous model’s 1-Terabyte hard drive. Another downgrade includes the graphics; the former features Intel HD Graphics 5000, while the latter showcases an Intel Iris Pro Graphics. Users can avail the following upgrades for 1 TB Serial ATA drive worth $50, 1 TB Fusion Drive worth $250 or 256-GB flash drive storage for $250.

The new iMac runs with OS X Mavericks but it can be upgraded for free once OS X Yosemite comes later this year.

Want one for yourself? It’s now officially available on Apple Online store (available to ship in 24 hours), retail stores, and authorized resellers.

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